Owning a construction business comes with its own set of unique challenges, one of which is funding and supporting your business and knowing how to save money. Luckily, there are several grants and incentive programs for businesses within the construction industry. With that said, finding the grants your business is eligible to receive can be rather time-consuming and burdensome (especially because time=money). If your business is located in the US, you’re in the right spot!

If your business is located in Canada,  check out our Canadian money-saving tips article.

We’ve compiled the ultimate resource list to help you save money as a service and construction business in the U.S. This list of federal and privately funded grants and tax credits will help you reduce your costs and increase your profit margins. 

We have included grants, rebates and tax credits for every size of business. When reviewing them, keep in mind that qualification for certain grants and credits are dependant on the size of your company. Make sure you review the business size requirements for each program, and confirm that your business is eligible. 

Keep reading to find out what kinds of federal and private grants are available to service and construction companies like yours and start the application process today!

The following list includes federally supported grants for businesses. These grants are awarded monthly, quarterly, or yearly and can help you reduce out-of-pocket construction costs.

• Small Business Innovation Research Program (SBIR): An awards-based grant program offered to small businesses committed to scientific and technological innovation. 
• Small Business Technology Transfer (STTR): Similar to the SBIR, qualifying small businesses can apply to this awards-based grant program if they partner with eligible non-profit organizations to explore scientific and technological innovation. 
• U.S. Economic Development Administration (EDA): The EDA offers funding opportunities for projects supporting regional and national economic development.
• Women-Owned Small Business (WOSB) Federal Contracting Program: A federal government award that helps support women-owned small businesses with the goal of offering equal opportunity to women in business. 

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